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3 days ago | 
mb.com.ph | Derco Rosal
The Bangko Sentral ng Pilipinas (BSP) has proposed requiring Islamic banking units (IBUs) operated by conventional banks to either transition into full-fledged Islamic banks or comply with universal bank capital requirements within five years.
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3 days ago | 
mb.com.ph | Derco Rosal
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines amounted to $529 million in February, marking a steep 61.9-percent decline from the $1.4 billion recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported. FDI net inflows last February were also below January's $731 million, which had shrunk by a fifth year-on-year.
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3 days ago | 
mb.com.ph | Derco Rosal
The Bangko Sentral ng Pilipinas (BSP) could mandate that all banks, e-wallets, and clearing houses adopt the internationally accepted ISO 20022 messaging standard, modernizing domestic payment systems and aligning with global financial protocols.
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3 days ago | 
mb.com.ph | Derco Rosal
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF) meetings in Washington, D.C. that trade shocks are more challenging to manage than supply shocks and could have lasting impacts on the economy.
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3 days ago | 
mb.com.ph | Derco Rosal
The Marcos administration’s total debt payments declined by 65.3 percent in the first quarter of 2025, as it settled significantly smaller amounts of principal payments to domestic lenders, offsetting the relatively negligible increase in interest payments.
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5 days ago | 
mb.com.ph | Derco Rosal
United States (US) President Donald Trump is likely to slash the reciprocal tariff it slapped on the Philippine exports by seven percent at most, ranging from 10 percent to 15 percent, according to the economic think tank ANZ Research. According to a report published on Friday, May 9, ANZ Research has forecast Trump to agree on trimming the 17-percent tariff on goods coming in from the Philippines. The think tank sees this taking effect by the end of the second quarter.
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5 days ago | 
mb.com.ph | Derco Rosal
While the Philippine economy’s growth missed the lower end of the government’s six to eight percent target, the Department of Budget and Management (DBM) said the growth across major sectors further fuels the agency’s confidence in achieving the full-year growth goal.
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6 days ago | 
mb.com.ph | Derco Rosal
Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth projection for the local economy from six percent to five percent.
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6 days ago | 
mb.com.ph | Derco Rosal
Bank lending continued to lose momentum in March this year, growing by 11.8 percent, marking the lowest expansion rate in four months or since November last year when it posted an 11.1 percent growth. March’s movement was a further slowdown from February, as weaker credit expansion to major industries such as real estate, construction, and trade weighed on overall growth, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
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1 week ago | 
mb.com.ph | Derco Rosal
The Philippines’ gross international reserves (GIR) or United States (US) dollar stock declined further to $104.6 billion, or ₱5.96 trillion, as of end-April, the Bangko Sentral ng Pilipinas (BSP) reported. This level decreased by $2.1 billion, or 1.5 percent, from March’s $106.7 billion, mainly due to the Marcos administration’s withdrawal of dollar deposits with the central bank to service foreign debt and cover other expenditures, alongside the BSP’s net foreign exchange operations.
